The Great Inflation and Its Aftermath: The Past and Future of American Affluence

Robert J. Samuelson

The Great Inflation and Its Aftermath is an insightful account of the economic history of the U.S. from the 1960s to the present day. The author, Robert J. Samuelson, is an award-winning journalist and columnist who has covered economics and business for over 40 years.

In this book, Samuelson argues that the inflation of the 1970s had a profound impact on the U.S. economy, changing the way people thought about wealth, savings, and government policy. He traces the roots of the inflation back to the post-World War II era, when the U.S. government made a series of decisions that set the stage for a period of rising prices.

Samuelson examines the policies pursued by various administrations to combat the inflation, including the Federal Reserve's monetary policy and the wage and price controls implemented by the Nixon administration. He also looks at the impact of the inflation on different segments of the population, such as retirees and the poor.

The Great Inflation and Its Aftermath is not just a history book, however. Samuelson also examines how the lessons of the inflation have influenced economic policy in the present day. He argues that there is a tension between the desire for affluence and the need for fiscal discipline, and that the U.S. must find a way to balance these two goals if it is to continue to prosper.

Overall, The Great Inflation and Its Aftermath provides a fascinating account of an important period in U.S. economic history, and offers insights that are still relevant today. It is a must-read for anyone interested in economics, politics, or the history of the United States.

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